EU Approves Tariff Cuts To Aid Ukraine During Crisis

Law360, New York (April 14, 2014, 7:30 PM EDT) -- The European Union on Monday approved a plan to temporarily cut tariffs on a vast majority Ukrainian imports, part of an aid package meant to help Ukraine recover from months of political turmoil and support economic and government reform efforts.

The European Council adopted a regulation that would unilaterally grant trade preferences equivalent to the EU's offer on tariff cuts under a proposed association agreement the EU and Ukraine had been preparing to sign in November. A decision to step back from the planned EU association...
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